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Credit bubble a-burstin’: wave of bankruptcies sweeps subprime car-lenders

The subprime car-lending industry — charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds — is collapsing.
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This post is from Boing Boing. Click here to read the full text

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